Lorex Technology Inc. Announces Change of CFO

TORONTO, Feb. 18 /CNW/ - LOREX Technology Inc. (NEX: LOX.H)  (the "Company") wishes to announce that its Chief Financial Officer, Jordan Schwartz, has left the Company in order to pursue other business opportunities.  The Company would like to thank Mr. Schwartz for his dedication and service and wishes him the best in his future endeavours.

The Company has appointed David Mundy to act as interim Chief Financial Officer, effective immediately, while it searches for a permanent replacement. Mr. Mundy, a Chartered Accountant, practiced with  PricewaterhouseCoopers LLP from 1987-2000 in the firm's audit and IT practice areas. In 2000, he became an independent consultant assisting public and private companies with their financial reporting responsibilities.   Since March 2010, Mr. Mundy has provided consulting services to the Company, with particular emphasis on financial reporting.   Mr. Mundy's appointment remains subject to customary Exchange approval. 

About LOREX Technology Inc.

LOREX (NEX: LOX.H) provides businesses and consumers with leading edge video surveillance security solutions and sells its products under the LOREX and Digimerge brands. The LOREX brand, which caters to both small business and consumer markets, is available in thousands of retail locations across North America and in the UK. The Digimerge division distributes its products through major distributors in North America. Both brands concentrate on the sale of wired, wireless and IP security surveillance equipment including cameras, digital video recorders and all-in-one systems.  LOREX subsidiaries include: LOREX Canada Inc., LOREX Corporation and Strategic Vista Corporation Limited, Hong Kong.


NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. 

SOURCE Lorex Technology Inc.

For further information:

Reuben Klein
President and Chief Executive Officer
LOREX Technology Inc.
Phone: (905) 946-8589 ext 120
reuben.klein@lorexcorp.com
www.lorextechnology.com

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Lorex Technology Inc.

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